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Artisan
Athenahealth
This video represents the views of the portfolio manager as of 10-Feb-12.The portfolio manager’s views are subject to change and the Fund disclaims any obligation to advise investors of such changes. Artisan Partners is not responsible for and cannot guarantee the accuracy or completeness of any statement in the discussion.
For important fund performance and disclosures, see below.
Average annual total returns for the fund and benchmark as of 29-Feb-12:
Artisan Mid Cap Fund – ARTMX (Inception 27-Jun-97): 10.29% (1YR), 35.93% (3YR), 8.78% (5YR), 8.67% (10YR), 14.21% (Since Inception). Russell Midcap
® Growth Index: 3.83% (1YR), 32.17% (3YR), 4.09% (5YR), 7.47% (10YR), 6.76% (Since Inception). Russell Midcap
® Index: 2.59% (1YR), 31.98% (3YR), 2.73% (5YR), 8.24% (10YR), 8.47% (Since Inception).
Artisan Small Cap Fund – ARTSX (Inception 28-Mar-95): 16.01% (1YR), 38.14% (3YR), 4.46% (5YR), 7.13% (10YR), 8.06% (Since Inception). Russell 2000
® Growth Index: 2.38% (1YR), 31.21% (3YR), 3.93% (5YR), 6.67% (10YR), 6.11% (Since Inception). Russell 2000
® Index: -0.15% (1YR), 29.48% (3YR), 1.83% (5YR), 7.00% (10YR), 8.38% (Since Inception).
Average annual total returns for the fund and benchmark as of 31-Dec-11:
Artisan Mid Cap Fund – ARTMX (Inception 27-Jun-97): -2.08% (1YR), 24.63% (3YR), 5.56% (5YR), 6.04% (10YR), 13.11% (Since Inception). Russell Midcap
® Growth Index: -1.65% (1YR), 22.06% (3YR), 2.44% (5YR), 5.29% (10YR), 6.00% (Since Inception). Russell Midcap
® Index: -1.55% (1YR), 20.17% (3YR), 1.41% (5YR), 6.99% (10YR), 7.83% (Since Inception).
Artisan Small Cap Fund – ARTSX (Inception 28-Mar-95): 6.99% (1YR), 22.95% (3YR), 1.49% (5YR), 4.41% (10YR), 7.19% (Since Inception). Russell 2000
® Growth Index: -2.91% (1YR), 19.00% (3YR), 2.09% (5YR), 4.48% (10YR), 5.51% (Since Inception). Russell 2000
® Index: -4.18% (1YR), 15.63% (3YR), 0.15% (5YR), 5.62% (10YR), 7.87% (Since Inception).
Expense Ratio is for the fiscal year ended 30-Sep-11.
Artisan Mid Cap Fund’s expense ratio is 1.34%. The Fund’s direct operating expenses are 1.24%, which is reflected in the Fund’s "Financial Highlights" in the statutory prospectus and financial statements. The expense ratio noted above includes "Acquired Fund Fees and Expenses," which are indirect expenses the Fund may incur from investing in an investment company (acquired fund); such indirect expenses are not paid from the Fund’s assets but are reflected in the return realized by the Fund on its investment in the acquired funds.
Artisan Small Cap Fund’s expense ratio is 1.66%. The Fund’s direct operating expenses are 1.29%, which is reflected in the Fund’s “Financial Highlights” in the statutory prospectus and financial statements. The expense ratio noted above includes “Acquired Fund Fees and Expenses,” which are indirect expenses the Fund may incur from investing in an investment company (acquired fund); such indirect expenses are not paid from the Fund’s assets but are reflected in the return realized by the Fund on its investment in the acquired funds.
Source: Artisan Partners/Russell.
The performance quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For current to most recent month-end performance information, call 800.344.1770.
Investors should consider carefully before investing the Fund’s investment objective, risks and charges and expenses. For a prospectus or summary prospectus, which contains that information and other information about the Fund, please call us at 800.344.1770. Please read the prospectus or summary prospectus carefully before you invest or send money.
Artisan Mid Cap and Small Cap Funds: Growth securities may underperform other asset types during a given period. Artisan Mid Cap Fund: International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging markets. Securities of medium-sized companies tend to be more volatile and less liquid than those of large companies, may have underperformed the securities of large companies during some periods and tend to have a shorter history of operations than large companies. Artisan Small Cap Fund: Securities of smaller companies tend to be more volatile and less liquid than those of large companies, may have underperformed the securities of large companies during some periods and tend to have a shorter history of operations than large companies. Portfolio holdings are subject to change without notice. Discussion of holdings is not intended to be a recommendation of any individual security. For the purpose of determining the Fund’s holdings, securities of the same issuer are aggregated to determine the weight in the Fund. Athenahealth comprised 2.10% of Artisan Mid Cap Fund’s total net assets and 3.15% of Artisan Small Cap Fund’s total net assets as of 31 Dec 11. Securities named in the video, but not listed here are not held in the Fund as of the date of this report.
The Russell 2000
® Index is an index of about 2,000 small U.S. companies and the Russell 2000
® Growth Index is an index of those small companies included in the Russell 2000
® Index with higher price-to-book ratios and higher forecasted growth values. All indices are unmanaged, market-weighted indices whose returns include net reinvested dividends, but, unlike the Fund’s returns, do not reflect the payment of sales commissions or other expenses incurred in the purchase or sale of the securities included in the indices. An investment cannot be made directly into an index.
Russell Investment Group is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto. The presentation may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a presentation of Artisan Partners. Russell Investment Group is not responsible for the formatting or configuration of this material or for any inaccuracy in Artisan Partners’ presentation thereof.
Artisan Funds offered through Artisan Partners Distributors LLC (APDLLC), member FINRA. APDLLC is a wholly owned broker/dealer subsidiary of Artisan Partners Holdings LP. Artisan Partners Limited Partnership, an investment advisory firm and adviser to Artisan Funds, is wholly owned by Artisan Partners Holdings LP.
